Examlex
Which of the following rock types is formed by heat,pressure,or chemical reactions within the earth's crust acting on the other two major types of rocks?
Worker Productivity
Worker productivity measures the output of goods and services generated per unit of labor input, such as per labor hour.
Economic Growth
The increase in the production and consumption of goods and services, leading to an improvement in the standard of living over time.
Production Possibility Frontier
A curve depicting all maximum output possibilities for two or more goods given a set of inputs (resources), embodying the principle of opportunity costs.
Opportunity Cost
Bypassing potential gains from a range of alternatives by finalizing one choice.
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